The US Stock Market soared Wednesday afternoon following the President Trump’s remarks on Iran, with investors expressing “sighs of relief” as tensions between the US and Iran appear to calm down.
“Stocks rose on Wednesday after President Donald Trump spoke about an attack by Iran at an Iraqi airbase that hosts American troops, which led to a massive sell-off in overnight trading,” reports CNBC. “The Dow Jones Industrial Average gained 213 points, or 0.8%. The Nasdaq Composite advanced 0.7% and hit an all-time high. The S&P 500 also climbed 0.7% and hit a record high as well.”
“Now, as the president has to some degree defused some of the anxiety, so you’re getting … a little bit of a sigh of relief rally here,” said Art Cashin, director of floor operations at the NYSE for UBS, on CNBC’s “Squawk Alley.”
This is a developing story. Check back for updates.
AMERICA RESPONDS: US Airstrike Kills Iranian General, Other Military Officials at Baghdad Airport
The United States launched an airstrike Thursday evening that resulted in the death of an Iranian general and other military officials at Baghdad International Airport in Iraq, according to Fox News.
“The Pentagon confirmed Thursday evening that Trump had ordered the attack that killed Soleimani and other military officials at Baghdad International Airport in Iraq. Iran’s top ‘shadow commander’ was responsible for the deaths of hundreds of American and coalition service members and the wounding of thousands more, the State Department said,” reports Fox.
“I think the Iranian leadership understands President Trump will take action. … We made very clear that these responses would be swift and decisive. We have now demonstrated that. I hope the Iranian leadership will see that and see American resolve and that their decision will be to de-escalate and take actions consistent with what normal nations do. In the event that they do not and they go in the other direction, I know that President Trump and the entire United States government is prepared to respond appropriately,” said Secretary of State Mike Pompeo.
“He’s got hundreds of American lives and blood on his hands. What was sitting before us was his travels throughout the region, his efforts to make a significant strike against Americans. There would have been many Muslims killed as well, Iraqis and people in other countries. It was a strike that was aimed at disrupting that plot, disrupting further aggression and we hope, setting the conditions for de-escalation as well,” he added.
Read the full report here.
Source: Fox News
ANOTHER SCHIFF SHOW? Adam Schiff Calls for Congressional Hearings Into Trump’s Iraq Airstrike
Congressman Adam Schiff called for more hearings on Capitol Hill Monday regarding President Trump’s military action against a top Iranian General; saying the White House has put the United States “on a path to war.”
“The president has put us on a path where we may be at war with Iran. That requires the Congress to fully engage,” Schiff told the Washington Post.
— The Hill (@thehill) January 6, 2020
“I’m certainly not satisfied that the intelligence supports the conclusion that the killing of Soleimani was going to either prevent attacks on the United States or reduce the risk to American lives,” Schiff told the Post.
“I don’t think the intelligence was of the kind of character that would lead to a uniform recommendation that Soleimani should be killed,” Schiff added. “I think that was an impulsive judgment made by the president.”
Read the full report here.
Source: The Hill